A blockchain-based cloud storage technology called Filecoin has already raised $52 million from investors. The company is poised to raise millions more on Thursday when it begins selling units of its bitcoin-like cryptocurrency to a larger set of wealthy investors.
Filecoin aims to disrupt conventional cloud-based storage platforms from Amazon and others. If it succeeds, the technology could be worth billions of dollars. But the company will need to overcome some significant hurdles first.
First and foremost, Filecoin's technology doesn't actually exist yet. The Filecoin team has done extensive research and planning, producing a series of white papers describing the technology it's building. But an actual, working Filecoin network is still months away. When it launches, Filecoin will compete with rival blockchain storage networks, including Sia, which has been available to the public for two years.
"Filecoin currently is just a white paper," Sia co-founder David Vorick told us earlier this week.
Have any Soylentils encountered or used blockchain storage, and if so what did you think of it?
Source: Ars Technica
Also at Medium, TechCrunch, and CoinDesk.
(Score: 3, Interesting) by hemocyanin on Saturday August 12 2017, @03:54PM (1 child)
"blockchain storage"
Does this mean that everyone in the world would be able to know where you've stashed your data, how much data you've stashed, and when you did the stashing. Even if the data is indecipherably encrypted (for a while at least), that would leave a lot of information hanging out in the public.
(Score: 2) by frojack on Saturday August 12 2017, @06:02PM
I suspect its just to find your blocks in the swirling stew of blocks in the cloud.
So instead of having them right at home in your own machines, you just put up a sign "hemocyanin-lakkjl/qi-iugu3jkahhhh3" and your photo collection comes home to roost. Taking not just the few milliseconds to access your NAS, but minutes, maybe hours.
At best, it seems like a way to incentive-ize participation in a bit-torrent like storage hive.
No, you are mistaken. I've always had this sig.